Are you interested in finding out what exactly scrap gold buyers are? Scrap gold buyers (also known as cash for gold buyers) are individuals or companies that are interested in buying you unwanted gold. These companies take the gold and then melt it down in most cases and then turn around and sale of keep the gold they have melted. Many times this gold is kept as pure gold.

There are many scrap gold buyers out there that will cheat you out of your money. They will give you and unfair price for what you send them. You should be aware that these companies are out there and do your best to try to avoid them. There are also gold for cash scam companies out there that end up giving your less money for your gold because of the fact that they are middle man companies. This means that they buy your jewelry but they don’t have their own refinery. This makes more of a cost to them which in turn means less of a payout for you. So you will do much better if you find companies that have their very own refineries. Some companies may even pay up to three times what other companies can pay. This is a big difference and one that you want to be certain to get in on. You want to get as much money as you can for your gold not settle for chunk change.

Finding a good company is not hard to do. The internet is a great way of rounding down companies and find out which ones are legit or not. You can look for what others have experienced from them. You should also know that there has been test done on a few different companies where they were all sent the same piece of jewelry to see which ones pay the best. This was done by a local news channel and it showed one company that paid nearly three times more than the others this was Cash for Gold USA.

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